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Dec 30, 2012
12/12
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part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge opportunity around energy. we are producing more energy and america can become an energy exporter. how do we do that in a way that also deals with some of the environmental challenges that we have at the same time. so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. and because it is going to be very hard for the economy to sustain its current growth trends if suddenly
part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge...
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Dec 23, 2012
12/12
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deficit only six points. let's go later in the first half. hopkins inside to porter. second half, off the au miss, troutwig off the break. he gets the return pass. georgetown defeats au 65-48. next up, marquette, january 5 in their big east opener. >>> governor's classic, mason facing richmond. first half. mason misses but this one gives mason the first lead. we are tied to go. five seconds to g mason can win it. wright lets it go, he sinks the 3 at the buzzer. that is the game winner. wright had a game high 22 point. mason defeats richmond 67-64. >>> an eagles-redskins rematch tomorrow in philly. remember when the redskins won 57-6. griffin iii completed this long pass to santana moss. the eagles have been 1-5 since then, but they had a da what tick win last week. >> i don't think that everybody is taking a big picture right now. we can do that after the season when we are happy. right now, everyone is focused on one game at time. that's the attitude that you have. no one his the locker room excited. we go on a win streak and control our own destiny. everybody is foc
deficit only six points. let's go later in the first half. hopkins inside to porter. second half, off the au miss, troutwig off the break. he gets the return pass. georgetown defeats au 65-48. next up, marquette, january 5 in their big east opener. >>> governor's classic, mason facing richmond. first half. mason misses but this one gives mason the first lead. we are tied to go. five seconds to g mason can win it. wright lets it go, he sinks the 3 at the buzzer. that is the game winner....
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Dec 22, 2012
12/12
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the reality is we're running deficits upwards of $1 trillion, which we simply can't afford. we've got $16 trillion worth of debt. if we go through this cliff, it will force our country to have to cut spending. on the flip side, it means higher taxes out of everyone's pocket at a time when the economy is still on fragile ground, showing some signs of recovery. we've got some good ones this week, randi, but still on fra g fragile ground and people are worried if surm consumers have less money to spend it will take a toll on this economy. >> i know you're reading the tea leaves. what are they telling you? will we have a deal in time? >> it's interesting. about 66% of investors pulled by uvs, the swiss bank, say that they believe a deal will happen. i can tell you the people i talk to on my show every day, they're placing bets one way or the other. the majority think there's a real good chance that we blow right through this. that we actually go right through it and they're hedging their bets in the investment community. they're not confident that the lawmakers will get it done
the reality is we're running deficits upwards of $1 trillion, which we simply can't afford. we've got $16 trillion worth of debt. if we go through this cliff, it will force our country to have to cut spending. on the flip side, it means higher taxes out of everyone's pocket at a time when the economy is still on fragile ground, showing some signs of recovery. we've got some good ones this week, randi, but still on fra g fragile ground and people are worried if surm consumers have less money to...
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Dec 24, 2012
12/12
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doesn't contribute to the deficit. and we're talking about the deficit. why should social security be discussed in that context? >> completely off the table? >> absolutely. absolutely. and that was the -- and that was our position during the campaign. social security has nothing to do with the deficit. does not contribute to it. walled off from it. its own trust fund with $2.7 trillion in it at the moment. and the american people by huge majorities say we shouldn't be cutting social security or for that matter medicare benefits. you can cut medicare in ways you don't cut benefits and the hypocrisy of republicans that said that democrats are terrible because they took $716 billion from medicare for obama care and what do we want to do? pocket the cuts and add more. our chief demand is entitlement cuts. medicare and social security. >> talk about the debt ceiling and where this is played in to this conversation. that is coming up in february or supposed to come up in february. john boehner made the offer to take it off the table for a year but i want to sho
doesn't contribute to the deficit. and we're talking about the deficit. why should social security be discussed in that context? >> completely off the table? >> absolutely. absolutely. and that was the -- and that was our position during the campaign. social security has nothing to do with the deficit. does not contribute to it. walled off from it. its own trust fund with $2.7 trillion in it at the moment. and the american people by huge majorities say we shouldn't be cutting social...
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Dec 26, 2012
12/12
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christmas should be a day of joy and celebration and recent tragic events gave this year's holiday a deficit feeling. >> reporter: in newtown, connecticut, it was a day of lingering heartache. empty stockings hung as reminders of loss filled with gifts and police helps for time with their families. >> glad we can do it. >> a pleasure to help them out. >> police officers giving police officers time off, you couldn't ask for a better christmas gift. >> reporter: in the new york area, still without homes because of hurricane sandy, volunteers tried to deliver holiday spirit, handing out food, toys and blankets at relief centers. >> people came out to help people. you can't put a price on that or buy that either. >> reporter: in places spared direct tragedy americans marked it with their own ways keeping those less fortunate in their thoughts. >> when people are suffering and going through hardship, many, many people come to offer their help in whatever they can do. >> reporter: across the nation, americans attended church services and spent time with family and friends. at the mitchell home out
christmas should be a day of joy and celebration and recent tragic events gave this year's holiday a deficit feeling. >> reporter: in newtown, connecticut, it was a day of lingering heartache. empty stockings hung as reminders of loss filled with gifts and police helps for time with their families. >> glad we can do it. >> a pleasure to help them out. >> police officers giving police officers time off, you couldn't ask for a better christmas gift. >> reporter: in...
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Dec 28, 2012
12/12
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sure we sustained a very fragile economy, tried to get it to move faster, and deal with the long- term deficit. >> those decisions may not happen until 2013. a smaller deal would be temporary, sending congress back to work on the details next year. >> i am not ok with them waiting six months or year kick to get things done. >> jake sherman of "politico" predicts that we will go over the cliff. >> we will not see the government shut down our people not be able to pull money out of banks are things like that. >> still a tough sell for constituency growing tired of the political back-and-forth. >> let's get some things set in place and up and running. >> 1 line of thinking on the hill -- there are many -- if we do go over the cliff that would reset all of the tax issues suchissues. what we do know, the clock is ticking and the waiting game continues, with the house not even scheduled to be in session until sunday afternoon. live of the capitol, steve chenevey wjla. >> will monitor all the negotiations surrounding the fiscal cliff. coming up at 5:30, a closer look at how the country got in this fi
sure we sustained a very fragile economy, tried to get it to move faster, and deal with the long- term deficit. >> those decisions may not happen until 2013. a smaller deal would be temporary, sending congress back to work on the details next year. >> i am not ok with them waiting six months or year kick to get things done. >> jake sherman of "politico" predicts that we will go over the cliff. >> we will not see the government shut down our people not be able...
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Dec 30, 2012
12/12
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part of that is deficit reduction. part of it is also making sure that we're investing, for example, in rebuilding our infrastructure, which is broken. and, you know, if we are putting people back to work, rebuilding roads, bridges, schools, in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three. you know, we've got a huge opportunity around energy. we are producing more energy, and america can become an energy exporter. how do we do that in a way that also deals with the environmental challenges we have at the same time? so that's going to be a third thing. but the most immediate thing i've got to do starting on january 1, if congress doesn't act before the end of the year, is to make sure that taxes are not going up on middle class families. because it is going to be very hard for the economy to sustain its current growth trends if suddenly we ha
part of that is deficit reduction. part of it is also making sure that we're investing, for example, in rebuilding our infrastructure, which is broken. and, you know, if we are putting people back to work, rebuilding roads, bridges, schools, in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three. you know, we've got a huge...
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Dec 29, 2012
12/12
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explodes the deficit. hurts middle class employment. none has anything to do with the problem that we have which is number one in revenue we are spending too much and number two job creation. none of this helps either one of those things joe trippi and you know that is true. >> i don't know that is true and we won't agree about that. we will agree about one thing. going over the cliff will be far worse than what the president has put forward as a solution. >> sean: no, it is not. >> yes, it will. why don't we go over the cliff and get it over with. that makes sense to me, sean. >> sean: i say from the beginning he wanted to go over the cliff. he gets to blame republicans, tax everybody and gets defense cuts he never dreamed of through se see questions traition. we still have trillion dollars deficits. >> we got to be honest here. >> let's be honest both parties have been lying to the american people about that for years for decades sean. it is not a dam problem. >> sean: and no president has spent like this reckless spender. billy cunni
explodes the deficit. hurts middle class employment. none has anything to do with the problem that we have which is number one in revenue we are spending too much and number two job creation. none of this helps either one of those things joe trippi and you know that is true. >> i don't know that is true and we won't agree about that. we will agree about one thing. going over the cliff will be far worse than what the president has put forward as a solution. >> sean: no, it is not....
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Dec 30, 2012
12/12
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WBAL
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biggest sticking points is should new leff new from tax increases be used to pay down the country's deficit or used to cover the cost of preventing sweeping government spending cuts? no ordinary sunday. arriving at the capitol, congressional leaders' every move and every word under scrutiny, as the country waits, weighing in from the white house, the president, who appeared on "meet the press," pushed republicans to give on taxes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> reporter: inside closed door negotiations this weekend, aipds say there have been "constructive move." on key issues like taxes, including compromise on where to set higher rates for wealthier americans and avoiding a jump in inheritance taxes. but this afternoon, republican leader mitch mcconnell complained that democrats had failed to deliver a promised counteroffer. so mcconnell called for help, phoning vice president biden who came to the white
biggest sticking points is should new leff new from tax increases be used to pay down the country's deficit or used to cover the cost of preventing sweeping government spending cuts? no ordinary sunday. arriving at the capitol, congressional leaders' every move and every word under scrutiny, as the country waits, weighing in from the white house, the president, who appeared on "meet the press," pushed republicans to give on taxes. >> i think it's been very hard for speaker...
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Dec 30, 2012
12/12
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the budget of the president, $5.3 trillion deficit. people understand that. they know about his war on fossil fuels. here we are in a position of having the most recoverable fossil fuels reserves of any country in the world. we could be totally independent in a matter of weeks, and he won't let us develop our own resources. those are three things what he is doing to the military and all of that, that people are aware of. they are not aware of the cost of the regulations that he has. now, i would just use three of the regulations he was putting off until after the election. one having to do with the boiler mac. it was the regulations on boilers. every manufacturer has a boiler. that would be $63 billion cost in taxes and 800,000 jobs. coal the same way. he actually did away with coal by having an emissions requirement where there is no technology that will reach it. that will be 1.65 million. the reason i mention these, i could be talking about a lot of different regulations. but if you add up these three regulations, that would be $100
the budget of the president, $5.3 trillion deficit. people understand that. they know about his war on fossil fuels. here we are in a position of having the most recoverable fossil fuels reserves of any country in the world. we could be totally independent in a matter of weeks, and he won't let us develop our own resources. those are three things what he is doing to the military and all of that, that people are aware of. they are not aware of the cost of the regulations that he has. now, i...
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Dec 22, 2012
12/12
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unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> congress is also in recess until after christmas. in his weekly address, house speaker john boehner accused the president and senate democrats of failing to offer a responsible solution. boehner's own proposal had to be pulled this week after he failed to get enough support from fellow republicans. >>> and the national rifle association promised meaningful contributions to avoid another tragedy like the one in newtown, connecticut. friday, the gun rights group unveiled that plan. nra executive vice president wayne lapierre says the u.s. should put armed guards in all schools. the comments came one week after 20 children and seven adults excludeing the gunman were killed in one of the worst mass shootings in u.s. history. >>> and what was a poorly guarded secret in washington, john kerry nominated to the next secretary of state. susan rice was believed to be the first choice, but she pulled her name out of the runn
unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> congress is also in recess until after christmas. in his weekly address, house speaker john boehner accused the president and senate democrats of failing to offer a responsible solution. boehner's own proposal had to be pulled this week after he failed to get enough support from fellow republicans....
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Dec 29, 2012
12/12
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you will still be left with a huge deficit. it's going to have to mean cutting the federal budget. >> even if we increase the tax rates, the top 1 percentn this country makes seven timbers of the income. 37 percent of the taxes. so a fair share argument really is it -- lou: you're getting a again start out here. your last shot. >> mr. president, please, please work with the business community. we want you to succeed, but you're putting impedimen in is next.nd make impossible. the thin line between video and reality, talking with a man who knows that line and exploits it to train our military, and he says some brutally violent video games can turn some kids int killers. colonnl dave grossman with us next. in washington, james harri. lou: joining me now, my next guest to says guns are not the real problem. kids are becoming so desensitized to violence and to death because of violent video games that we are injuring our young people. in some cases previously. the foremost experts on violence and media. lieutenant-colonel david ros
you will still be left with a huge deficit. it's going to have to mean cutting the federal budget. >> even if we increase the tax rates, the top 1 percentn this country makes seven timbers of the income. 37 percent of the taxes. so a fair share argument really is it -- lou: you're getting a again start out here. your last shot. >> mr. president, please, please work with the business community. we want you to succeed, but you're putting impedimen in is next.nd make impossible. the...
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Dec 27, 2012
12/12
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we don't have a short-term deficit problem. we have a jobs and growth problem and we have a faltering recovery. we should put off the sequester. put off this grand bargain. come back. let the bush tax cuts expire. make sure the middle class doesn't have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson the political editor for "town hall.com." okay. this is quite something. we have been hearing from the obama white house, the congressional budgetffice and any number of conservative economistst that this is serious. that we have got to get this thing done that we have got to get it in order. or at some point america's full faith and credit is going to go away. we are not going to look so good to the rest of the world as far as credit risk. so let's talk to you about this. is this a manufactured media crisis or does something substantial need to be done here? >> well, i certainly think that the fiscal cliff, tha
we don't have a short-term deficit problem. we have a jobs and growth problem and we have a faltering recovery. we should put off the sequester. put off this grand bargain. come back. let the bush tax cuts expire. make sure the middle class doesn't have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson the political editor for "town hall.com." okay. this is...
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Dec 30, 2012
12/12
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david gregory challenged obama on some points but made $1 trillion in cuts, he also vowed to cut the deficit in half in 2009. that has not happened. >> compared david gregory we saw at the top of the show waving that magazine at wain lapierre. this was a low-key interview. >> meek and weak. i didn't find david gregory, i think he lost his punch over this short-lived vacation. a number of points he didn't press the president hard enough. >> the president gave short answers. >> but there's really no excuse. >> the pomp and the ceremony. on the other hand, and you've had experience covering barack obama going back to chicago, it can be hard to interrupt during an incumbent president during an interview. >> it is. obama had the home court advantage. david had it in that more aggressive interview and now, l i'll say this quickly. way back in the day when obama united states senator and there was a press conference and i asked a question and he was giving it a very long answer, in my view, and i cut him off and, boy, did i get thumped from him for cutting him off. i don't know -- >> he complained
david gregory challenged obama on some points but made $1 trillion in cuts, he also vowed to cut the deficit in half in 2009. that has not happened. >> compared david gregory we saw at the top of the show waving that magazine at wain lapierre. this was a low-key interview. >> meek and weak. i didn't find david gregory, i think he lost his punch over this short-lived vacation. a number of points he didn't press the president hard enough. >> the president gave short answers....
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Dec 22, 2012
12/12
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CNNW
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but the bigger issue of trying to deal with deficit reduction of entitlement reform, tax reform that is being put on the shelf right now. >> kicking the can down the road, i suppose. if there is no deal, will workers see extra taxes coming out of their paychecks starting january 1? >> that's the thing. technically taxes increase on january 1st. but if you were looking at your paycheck and trying to figure out am i going to be seeing this here just a matter of a couple weeks, no, actually. we wouldn't expect that you would be seeing your taxes in your paycheck being pulled until late january, early february, and that's because payroll processors will revert to that 2012 equation that they use for your taxes in your paycheck until they're sure there's certainty. because even if we were to go over the cliff, there's still a possibility it can still be fixed in the immediate time after that. >> so not an immediate cliff it sounds like. so house speaker john boehner was dealt hugely -- or what seems to be a hugely embarrassing blow when his own party refused to vote on his plan b proposal
but the bigger issue of trying to deal with deficit reduction of entitlement reform, tax reform that is being put on the shelf right now. >> kicking the can down the road, i suppose. if there is no deal, will workers see extra taxes coming out of their paychecks starting january 1? >> that's the thing. technically taxes increase on january 1st. but if you were looking at your paycheck and trying to figure out am i going to be seeing this here just a matter of a couple weeks, no,...
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Dec 24, 2012
12/12
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you were a member of the bowles mpson deficit commission and voted for the final report. that proposed almost $3 trillion in spending cuts. president obama's last offer the one that the republicans rejected was less than $1 trillion in spending cuts. we checked. that would be less than 2% of the $44 trillion the government will spend over the next decade. again, is that the best democrats can do? 2% of all of the spending over the next decade? >> you know, this conversation to me is exactly what is wrong in washington. i mean just listen to the conversation you have is just had. it is he said, she said, blame the other guy. look, i tried to be constructive here and lay out an actual plan to get us nearly $4 trillion by taking the offers that are on the table. speaker boehner and the president were so close and then speaker boehner went off on plan b. i never understood why. had no prospect of succeeding. it did not succeed even in his own caucus. now, the question. >> chris: but you are not answering my question. >> because i tell you something because we only have nine d
you were a member of the bowles mpson deficit commission and voted for the final report. that proposed almost $3 trillion in spending cuts. president obama's last offer the one that the republicans rejected was less than $1 trillion in spending cuts. we checked. that would be less than 2% of the $44 trillion the government will spend over the next decade. again, is that the best democrats can do? 2% of all of the spending over the next decade? >> you know, this conversation to me is...
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Dec 22, 2012
12/12
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it was a crisis created by congress and we're not really likely to see serious action on deficit and debt reduction, unless and until the crisis hits people in the face and they say to their representatives you'd better do something or else and then they'll act. >> always a pleasure, bill schneider and jonathan allen with his article out as we were talking about just today. thank you so much for stopping by. >> thanks, richard. >>> several funerals were held today for the victims of the newtown shooting. this is video from josephine's funeral in newtown. she turned 7 just before the shooting. executive vice president blamed the media and violent video games for violence in society. >> there exists in this country, sadly, a callous, corrupt and corrupting shadow in industry that sells and stows violence against its own people. through vicious, violent video games with names like bullet storm, grand theft auto, "mortal kombat" and "splatter house." >> joining me now is kasim reid of georgia, he's one of more than 750 mayors across the country who sent a heart to president obama asking
it was a crisis created by congress and we're not really likely to see serious action on deficit and debt reduction, unless and until the crisis hits people in the face and they say to their representatives you'd better do something or else and then they'll act. >> always a pleasure, bill schneider and jonathan allen with his article out as we were talking about just today. thank you so much for stopping by. >> thanks, richard. >>> several funerals were held today for the...
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Dec 24, 2012
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the grand bargain, something to prevent taxes going up, and also lay the groundwork potentially for deficit reduction in the future. i think you will see president obama cut his vacation short, and continue to play a role in those negotiations. richard. >>> kristin, over the weekend, he attended the funeral for the late senator inouye, who he has called an inspiration to him. what did you see in that service? >> well, more than 20 members of congress attended, mostly democrats, majority leader harry reid spoke and praised senator inouye for his partisan spirit, reaching across the aisle. of course in an earlier memorial service, the president called the late senator his earlier inspiration, on a a lot of members of congress came together to pay their respects. >> thank you, kristin. >>> if congress and the president fail to reach a deal, the impact is as unlikely as immediate as the term "fiscal cliff" seems to imply. the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would en
the grand bargain, something to prevent taxes going up, and also lay the groundwork potentially for deficit reduction in the future. i think you will see president obama cut his vacation short, and continue to play a role in those negotiations. richard. >>> kristin, over the weekend, he attended the funeral for the late senator inouye, who he has called an inspiration to him. what did you see in that service? >> well, more than 20 members of congress attended, mostly democrats,...
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Dec 27, 2012
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agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of gdp. he knows we can't asked the republicans to raise it 1.2, 1.3 trillion in revenue. he's reached out and made cig nif kant concessions and the response to that was nothing. it is pathetic. >> jaret, let me ask you, if we go over the cliff, what ps? is there not an immediate impact on people with unemployment insurance and other things? i mean, what happens if we go over this cliff? >> well, you really have to distinguish between going over the cliff and quickly reversing the damage, meaning in a matter of weeks, which is still impossible. if we go over and stay over, a couple of million people will lose their unemployment benefits. eventually, taxes will increase for millions of others. the payroll tax holiday will probably be gone either way. once we go over the cliff, the economic pain will be forthcoming. >> and can be significant. give me a yes or no. are we going over the cliff? or will it be a last-minute deal? >> i think we're going over. >> y
agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of gdp. he knows we can't asked the republicans to raise it 1.2, 1.3 trillion in revenue. he's reached out and made cig nif kant concessions and the response to that was nothing. it is pathetic. >> jaret, let me ask you, if we go over the cliff, what ps? is there not an immediate impact on people with unemployment insurance and other things? i mean,...
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Dec 27, 2012
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lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can'
lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed...
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Dec 27, 2012
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health care, the biggest add to our deficit in this country is rising health care costs. do we need to tangle those? how do they interact with the changes that are going to be set up across the country. is it going to cost the taxpayer more or less? all those have to be in the realm of realistic facts and figures. >> you're in arizona today. many of your constituents worked over the holidays. do you think congress should have stayed in washington to work for an agreement? >> absolutely. absolutely. once you know, once the boehner plan "b" collapsed, all we got was a notification, you can go home. we'll call you when we're ready. boehner's got to get off -- the majority of the majority must agree to something. it's going to take democratic votes to pass a tough fiscal compromise and unless there is inclusion and discussion on both sides of the aisle about this issue, that compromise gets tougher and tougher. >> thank you for coming "outfront." >> appreciate it. thank you. >> now, on the other side of the aisle. republican congressman of wisconsin. congressman, you just hea
health care, the biggest add to our deficit in this country is rising health care costs. do we need to tangle those? how do they interact with the changes that are going to be set up across the country. is it going to cost the taxpayer more or less? all those have to be in the realm of realistic facts and figures. >> you're in arizona today. many of your constituents worked over the holidays. do you think congress should have stayed in washington to work for an agreement? >>...
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Dec 23, 2012
12/12
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it takes a huge bite out of the deficit, but on balance neither side wants to do that today, but, you know, for republicans it's a tougher pill to swallow. many suggest if you go over the cliff, they come back and then have to agree to extend the tax rate for everybody below some number. >> that debt deal turns out to be brilliant or something. >> what matter is the simpson boles commission which president obama didn't want to appoint and pay attention to, that's front and center. the blueprint for how we move on. these two guys took on a task that was a fool's errands we thought, what happens to the commissions, nothing. we go back to them. >> let's talk about the die nam in this case between senator reid and mcconnell. can they come up with something up with something that the senate would pass and also something the house would pass? >> they have to try by new year's eve here. >> three days, four days. >> interesting that senator reid said he would like neal abercrombie to appoint the replacement for daniel anyway. reid thinks he'll need that vote. they'll probably move it, but we
it takes a huge bite out of the deficit, but on balance neither side wants to do that today, but, you know, for republicans it's a tougher pill to swallow. many suggest if you go over the cliff, they come back and then have to agree to extend the tax rate for everybody below some number. >> that debt deal turns out to be brilliant or something. >> what matter is the simpson boles commission which president obama didn't want to appoint and pay attention to, that's front and center....
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Dec 23, 2012
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we don't have a short-term deficit problem. we have a jobs and growth problem and faltering recovery but we should put off the sequester, put off this grand bargain, come back, let the bush tax cuts expire, make sure the middle class -- >> off the cliff. >> the cliff is a manufactured media drama but the largest point is to say that the left are progressives supporting the great reforms of -- >> i would -- sflrs at a time when the richest are -- >> i would discount that maybe but on january 2nd when everyone's taxes go up, it may not feel manufactured but real. >> that's the point and this is what folks don't understand. where she's making a strong point is we're taking this, this incredible mallet and smash america and the people who will suffer are those in my community who want to go to college and lose avenues about how to do that, about the fbi agents cut that are protecting our borders and our nation from a challenge. people will be cut out on programs that support the poorest americans get access to healthy food and this
we don't have a short-term deficit problem. we have a jobs and growth problem and faltering recovery but we should put off the sequester, put off this grand bargain, come back, let the bush tax cuts expire, make sure the middle class -- >> off the cliff. >> the cliff is a manufactured media drama but the largest point is to say that the left are progressives supporting the great reforms of -- >> i would -- sflrs at a time when the richest are -- >> i would discount that...
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Dec 30, 2012
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it would have an impact on the deficit. the president and democrats said they would like to have more deficit reduction but they don't want middle income seniors paying for that. it's a tough, tough point. the president said he would be open to entitlement changes in a bigger, broader deal. that's not what this was intended to be in the last 48 hours or so. i don't have a crystal ball. the moment we are in right now, it's not looking good. >> kelly o'donnell, live on capitol hill. we will check back in with you. thank you so much. again, the update, the highlight there from kelly o'donnell. there's been a major setback at this point in negotiations. according to democratic sources telling some democrats they are in a worse place in the negotiations now than they have been in some time. we're keeping a close eye on capitol hill. all the fiscal cliff business, maybe we put it aside at some point. we are not going to talk about that. by all accounts, 2013 should be a year of economic recovery. it should be. in a new article in
it would have an impact on the deficit. the president and democrats said they would like to have more deficit reduction but they don't want middle income seniors paying for that. it's a tough, tough point. the president said he would be open to entitlement changes in a bigger, broader deal. that's not what this was intended to be in the last 48 hours or so. i don't have a crystal ball. the moment we are in right now, it's not looking good. >> kelly o'donnell, live on capitol hill. we will...
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Dec 26, 2012
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lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can'
lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed...
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Dec 22, 2012
12/12
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and then he says come back and do spending cuts and deficit reduction in the new year. he is telling lawmakers take a few days off. relax over the holidays and maybe we'll all come together. take a listen. >> sing some christmas carols, enjoy the company of loved ones. and then i would ask every member of congress while they are back home to think about that think about the obligations we have to the people who sent us here. think about the hardship that so many americans will endure if congress does nothing at all. >> now, i can hear the helicopters warming up there on the other side of the white house from where i am on the south lawn. the president will be heading to andrew's air force base in a moment. is he going to hawaii tonight. on his way out the door told us "see you next week." which means he will be coming back after christmas before new years to try to work this out with lawmakers. he also suggested maybe they have eggnog over the holiday. maybe he thinks that will grease the skids. >> harris: eat cookies and sing carols for the rest of us across the countr
and then he says come back and do spending cuts and deficit reduction in the new year. he is telling lawmakers take a few days off. relax over the holidays and maybe we'll all come together. take a listen. >> sing some christmas carols, enjoy the company of loved ones. and then i would ask every member of congress while they are back home to think about that think about the obligations we have to the people who sent us here. think about the hardship that so many americans will endure if...
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Dec 28, 2012
12/12
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insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. it shouldn't be that heart since democrats and republicans both say they don't want to see taxes go up on middle-class families. i just have to repeat. outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks, they do their jobs. they meet deadlines, they sit down and they are discuss things, and then things happen. the notion that our elected leadership can't do the same thing is mind-boggling to them. it needs to stop. so i'm modestly optimistic that an agreement can be achieved. nobody will get 100% of what they want, but let's make sure middle-class families and the american economy, in fact the world economy, aren't adversely impacted. thank you very much, everybody. >>> right now at 6:00, president obama just wrapped up a news conference in which he said he i
insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. it shouldn't be that heart since democrats and republicans both say they don't want to see taxes go up on middle-class families. i just have to repeat. outside of washington, nobody understands how it is that this seems to be a repeat...
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Dec 22, 2012
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unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> yesterday the house speaker john boehner failed to garner enough support from his own party to even hold a vote on his plan to raise taxes for those with an income over $1 million. >> while we may have not been able to get the votes last night to avert 99.81% of the tax increases, i don't think -- they weren't taking that out on me. they were dealing with the perception somebody might accuse them of raising taxes. >> chief white house correspondent jessica yellin, senior congressional correspondent dana bash, nice to see both of you. jess character the president's message was very short and sweet and kind of basic. what do you think is different this time around in what he's saying? >> well, what's different is it's less than two weeks until the new year, the president's about to leave for hawaii in less than 15 minutes he leaves the white house, soledad. and congress is going to be gone for christmas too. and the
unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> yesterday the house speaker john boehner failed to garner enough support from his own party to even hold a vote on his plan to raise taxes for those with an income over $1 million. >> while we may have not been able to get the votes last night to avert 99.81% of the tax increases, i don't think --...
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Dec 27, 2012
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none of us want tax increases but at the end of the day trillion dollars deficits are bad, too. trillion dollars deficits every year as far as the eye can see, that's a tax on our kids, our grandchildren, on people who have saved their whole lives and done the responsible things. trillion dollars deficits are a tax, too, and that's what we have to understand. >> it's not good leadership to pass the buck, especially on future generations. they don't deserve to pay for our problems ander responsibility. what do you think is the biggest problem with raising taxes on the wealthy? it's so easy for them to say raise the taxes on the rich, punish them? >> well, the president likes to say the rich needs to pay their fair share for the tax burden of the united states. the funny thing is, actually 23 you look at all the developed countries in the world, the u.s. tax code is the most progressive in the entire world. the wealthiest americans pay the largest share of the tax burden in the u.s., much more so than in european countries. >> the boehner plan b and the some of the things the pres
none of us want tax increases but at the end of the day trillion dollars deficits are bad, too. trillion dollars deficits every year as far as the eye can see, that's a tax on our kids, our grandchildren, on people who have saved their whole lives and done the responsible things. trillion dollars deficits are a tax, too, and that's what we have to understand. >> it's not good leadership to pass the buck, especially on future generations. they don't deserve to pay for our problems ander...
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Dec 29, 2012
12/12
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that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republicans are saying they don't think that the tax rate should go up on anyone. so taxes still the major sticking point. right now the negotiations are going on the hill and there's a lot of optimism that came from the talks yesterday. of course, president obama hosted congressional leaders at the white house and they left that meeting and many said that it was constructive and they were optimistic that a deal could get done and i've been talking to my sources today and that same optimism isn't really present right now. there's more skepticism about a deal getting done and it is still very early in this process and this is a fl
that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republicans are saying they don't...
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Dec 22, 2012
12/12
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last, we only had $1 trillion in deficits. his point is correct. the problem is you have the government taking in 60% of gross domestic product in tax revenue and spending between 23% or 24% in gdp in spending. we are borrowing 40 cents on every dollar that we stand. that has to close. i mentioned the gdp figures because the historic average is that the government takes in about 18% of the gross domestic product. the 2% is a manageable deficit. we are at 16% and 24%. that is too big. if you want to question it broadly, at what level do you set the tax rates and at what level do you set think spending rates? if you continue spending at 24%, taxing and 24% will never happen. the question is, where in the middle ground to you end up? the bowles-simpson commission proposed 21% in taxes and revenue, which would be the balance you would get to. republican members of congress insists that it does not go any higher than 18%. that is the fight that will play out in the next couple of years. how much of our spending are we actually paying for? host: we want
last, we only had $1 trillion in deficits. his point is correct. the problem is you have the government taking in 60% of gross domestic product in tax revenue and spending between 23% or 24% in gdp in spending. we are borrowing 40 cents on every dollar that we stand. that has to close. i mentioned the gdp figures because the historic average is that the government takes in about 18% of the gross domestic product. the 2% is a manageable deficit. we are at 16% and 24%. that is too big. if you...